Rolls-Royce has signed a contract with the shipyard group Vard for its latest DP3 dynamic positioning system to be installed on two new offshore construction vessels. Dynamic positioning (DP) control systems allow vessels to be held in exact position…
Royal Dutch Shell has said it will quit its 2014 plans for drilling offshore Alaska, cut capital spending, and increase the pace of assets sales, the oil major’s CEO Ben van Beurden (pictured) announced today. Shell's U-turn on Alaskan drilling follows a profit warning last week and…
Wintershall has exercised the first of two six-month options for the jack up rig Energy Endeavour with Northern Offshoresubsidiary Northern Offshore U.K. The start date of the option period will be in direct continuation,following the end of the well in progress on 1 May 2014…
PEMEX Exploración y Producción (PEP) has chosen a Spanish ship builder for the construction of two ship-shaped flotels. One will be built at the Navantias' Ferrol Estuary shipyard on the northwest coast of Spain. The construction of the…
Houston-based ION Geophysical Corp. has increased its ownership interest in OceanGeo B.V., a geophysical company specializing in multicomponent ocean bottom seismic acquisition using ocean-bottom cables (OBC). ION now owns 70% of OceanGeo…
Octanex N.L., an Australian exploration company, announced Thursday that it has been advised by OMV New Zealand Ltd., the operator of offshore Taranaki Basin permit PEP 51906, that the new Kaka 3D seismic survey has been successfully acquired within and adjacent to the Permit…
South Stream awarded a contract for three pipe mills to supply over 75,000 steel pipes for the first line of the South Stream Offshore Pipeline. Europipe from Germany will supply 50% of the pipes, Russia's OMK and Izhora Pipe Mill will supply 35% and 15%…
Statoil recently halted production on the Statfjord C platform off Norway after a “limited” oil leak in to the Norwegian Sea. No injuries were reported by the firm, but its 270 crewmembers were boarded lifeboats until the leak was identified and stopped…
Shell has agreed to sell a 23% stake in the Parque das Conchas (BC-10) project, offshore Brazil, to Qatar Petroleum International, for about US$1 billion. Shell will continue to operate BC-10, with a 50% working interest, and retains a significant upstream presence in Brazil…
This video shows the launch of the first of six new 302'x64' LNG OSVs built for Harvey Gulf International Marine by Gulf Coast Shipyard Group (GCSG). The first of these GCSG-built Harvey Gulf OSVs will be moved to GCSG’s newly commissioned…
HitecVision acquired all of GC Rieber Shipping's remaining shares in subsea services provider Reef Subsea, the company announced 28 Jan 2014. HitecVision will now hold 100% of the shares in Reef Subsea. HitecVision expects to receive full ownership by March…
CGG and Spectrum announced that the acquisition of the high-end BroadSeisTM 3D multi-client survey program offshore Brazil in the Foz do Amazonas basin commenced early January as planned. The two companies are working as equal partners on this project…
Transport Malta will collaborate with the Norwegian Coastal Administration to strengthen the country's maritime pollution response. During the launching of the project “Oil / HNS Spill Response Capacity Building For The Protection Of Malta’s Seas…
Renewables industry body Scottish Renewables has revealed figures which suggest Scotland's offshore wind sector is under threat from an investment hiatus. The body has revealed figures it has obtained from major developers showing these…
The AMEC Tekfen Azfen (ATA) consortium has been awarded a US$974 million contract for work on the BP-operated Shah Deniz II gas field development in the Caspian Sea. The contract covers the fabrication, load out, and offshore hook-up…
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